Jacob the Jeweler bought his son a $4.72M home in NYC
Jacob Arabo, an Uzbekistan-born jeweler to the stars — who creates watches worth millions more than most people spend on their homes — just purchased a $4.72 million jewel-box home for his son, Gimme Shelter has learned.
The two-bedroom, 2.5-bath residence is at 53 W. 53rd St., which stands 1,050 feet high in Midtown.
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The tower, which rises above the Museum of Modern Art, was designed by Pritzker Prize-winning architect Jean Nouvel with interiors by the late Thierry Despont.
Arabo lives nearby in a $16.1 million aerie at 432 Park Ave. on Billionaires’ Row. He bought that residence in his wife Angela’s name for $16.1 million in 2016, Page Six reported. His son’s name was not disclosed.
Known as “Jacob the Jeweler,” Arabo’s clients include Madonna, Rihanna, Pharrell Williams and Tom Brady. To put the $4.7 million apartment purchase price into perspective, it’s less than the cost of two watches that Arabo, founder of Jacob & Co., sells for a cool $3 million apiece.
In February, Brady, the retired NFL quarterback, aired a now-viral video on his YouTube channel showing the moment he gifted his 15-year-old son Benjamin a $3 million Jacob & Co. watch just before the Super Bowl, Page Six also reported.
“Yo!” Benjamin said on camera as he showed off the Billionaire Mini Ashoka watch, which is covered in diamonds around the bracelet and bezel. Only 18 were ever made.
In 2006, Arabo was charged with helping two drug lords launder some of their $270 million in dirty drug profits by selling them jewelry. In 2008, Arabo pleaded guilty to lying to prosecutors and the money laundering charges were dropped in exchange, according to reports.
His son’s new 2,051-square-foot apartment comes with ceilings that rise nearly 11 feet high. It opens to a formal entry gallery that leads to a corner great room with floor-to-ceiling windows, and then to a chef’s kitchen.
The main bedroom suite comes with a walk-in closet and a spa-like bath with radiant-heated floors. Additional details include custom lighting and motorized Lutron solar shades.
The apartment was a sponsor sale, last asking $5.6 million.
The brokers involved on the sale side were Douglas Elliman’s Shari Rollins, Renee Micheli, Jade Chan and Frances Katzen.
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